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Information-Knowledge and Action-Knowledge

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  • Israel M. Kirzner

Abstract

THE DISTINCTION BETWEEN INFORMATION AND KNOWLEDGE, as these words are commonly used, is fairly clear and quite important. We wish to point out, however, that the importance of this distinction becomes very substantially greater when we understand it as pointing to a different distinction—that between two levels of knowledge itself. The purpose of this note is to develop this insight and remark on whether modern economics accommodates these matters.

Suggested Citation

  • Israel M. Kirzner, 2005. "Information-Knowledge and Action-Knowledge," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 75-81, April.
  • Handle: RePEc:ejw:journl:v:2:y:2005:i:1:p:75-81
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    Cited by:

    1. Matthew McCaffrey, 2014. "On the Theory of Entrepreneurial Incentives and Alertness," Entrepreneurship Theory and Practice, , vol. 38(4), pages 891-911, July.
    2. Vicente Moreno‐Casas & Philipp Bagus, 2022. "Dynamic efficiency and economic complexity," Economic Affairs, Wiley Blackwell, vol. 42(1), pages 115-134, February.
    3. Jason Arentz & Frederic Sautet & Virgil Storr, 2013. "Prior-knowledge and opportunity identification," Small Business Economics, Springer, vol. 41(2), pages 461-478, August.

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